Perimeter Acquisition Corp. I Class A Ordinary Shares

PMTR: 10-Q · periodic report

Perimeter Acquisition Corp. I, a $252 million blank check company, filed its 10-Q for the quarter ended June 30, 2026 reporting net income of $1,943,947, or $0.06 per share, driven almost entirely by $2,166,061 of interest earned on its trust account rather than any operating business. The filing carries a going-concern warning: management determined that the company's liquidity condition and the mandatory liquidation requirement raise substantial doubt about its ability to continue as a going concern, with a hard deadline of May 14, 2027 to complete an initial business combination or wind down and redeem public shares. The SPAC has not selected a target and has not engaged in any substantive discussions with any business combination candidate, while holding just $400,309 in operating cash against a $363,339 working capital deficit and a $483,000 working capital note payable to Gamma Securities LLC. With roughly nine months left in its combination period and Class A shares redeemable at $10.44 per share from the trust, the clock is the key variable for holders — deadline pressure typically pushes SPACs toward smaller, faster deals or outright liquidation.

SEC 10-Q•2mo ago